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Real Estate News Releases
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(EMAILWIRE.COM, March 25, 2008 ) Los Angeles. CA -- A ‘Short Sale’ is a term to describe a transaction in which a bank accepts mortgage payoff for a lower price than its actual value. Jeff Kaller, real estate developer and pre-foreclosure specialist, explains more about Pre-foreclosed property at his workshops.
Short sales usually take place when a homeowner has fallen behind in mortgage payments and is facing foreclosure. Mortgage lenders would rather sell houses prior to foreclosure at a price below actual value than be left holding depreciated property especially in an inactive market. In todayÂ’s market, there are plenty of homeowners headed for foreclosure and therefore looking for investors to take their debt off their hands.
Lenders are cooperative as well, willing to negotiate and compromise the terms of the sale in order to attract more consumers. These factors are why Mr. Kaller says, “Now is the time to take advantage of the pre-foreclosure investment opportunities in the Real Estate Market.” When asked about determining the price of a house in foreclosure, Mr. Kaller explained the following: “A homeowner looking to sell their house can make the deal even sweeter by utilizing the buyer's appraisal to price the property rather than using an independent appraiser.
Foreclosures were up more than 41 percent in 2007 and that number continues to grow. With so many homeowners facing pre-foreclosures the market is full of short sale opportunities. Lenders are willing to compromise and cooperate with investors in order to make an attractive deal. With the market as it is, the savvy real estate investor is taking courses and attending seminars such the ones that Jeff Kaller offers.
Check out his workshops- Jeff is doing them all over the country http://www.jeffsworkshop.com/
Contact Information:
Paramount Promotions LLC (The Countries Leading Short Sale Trainer)
Mark Maupin
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email Address: mgeronimo@thejeffkaller.com
PrEasy
Mark Maupin
248-939-6232
maupin.mark@gmail.com 
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